# Waveset

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waveset

- Industry: Software
- Headquarters: Austin, US
- Website: www.oracle.com/us/sun/index.htm
- Total disclosed funding: $30M
- Latest round: Series C (Sep 3, 2002)
- Investors on record: 5

## About

Waveset is a technology company specializing in identity management solutions, enhancing user access and security across various applications and platforms.Founded in 2000, Waveset operates from Austin, US, focusing on identity management solutions. In December 2003, Sun Microsystems acquired Waveset, streamlining its offerings. The company was established by a group of founders with backgrounds in tech innovations, though specific previous ventures are not documented. Alan Momeyer is the current CEO.Waveset's core products include scalable identity management solutions designed to improve security and streamline access control for applications and databases. They provide comprehensive identity solutions to various industries, enabling organizations to manage user access efficiently while ensuring compliance and protecting sensitive information.Waveset generates revenue through product sales and subscription services, focusing on B2B transactions. Enterprises engage in purchasing and subscription agreements for identity management solutions, which are tailored to meet the specific needs of organizations. Their pricing models vary, depending on the solutions deployed, allowing businesses to effectively align their technology expenses with operational goals.Waveset plans to enhance its product line with new identity management features aimed at improving user experience, with a projected release in early 2024. The company is targeting expansion into the European and Asia-Pacific markets by mid-2024 to broaden its customer base. The recent funding round of USD 13.00 mn from investors including Austin Ventures and Lightspeed Venture Partners will support these initiatives, focusing on product development and market entry strategies.

## Funding rounds

- Series C, Sep 3, 2002, $13M — Austin Ventures, Lightspeed Venture Partners, Origin Partners, Silverton Partners
- Series B, May 30, 2001, $10M — Austin Ventures, Lightspeed Venture Partners, Origin Partners, Silverton Partners
- Series A, Sep 11, 2000, $7.3M — Austin Ventures, Origin Partners, AV Labs

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A, Series B, Series C
- Origin Partners (https://capitalatlas.ai/funds/origin-partners) — Series A, Series B, Series C
- AV Labs — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C
- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Series B, Series C